Boeing to Slash 17,000 Jobs amid Financial Losses and Machinist Strike

Aircraft maker Boeing is preparing to make significant cuts to its workforce due to strikes and safety issues with its planes. The company plans to cut 10 percent of its workforce, or about 17,000 people, CNBC reported on friday. The move comes “as the company's losses widen and a machinists' strike that has kept aircraft […]

Boeing to cut 10% of workforce, halt most 767 production amid labor union strike

Peter McNally, head of global analyst at Third Bridge, spoke on “The Big Money Show” about how the Boeing factory workers' strike is impacting business. Boeing plans to lay off 10% of its workforce, or about 17,000 people, and cut production in the coming months as union strikes continue. Chief Executive Officer Kelly Ortberg, who […]

Boeing to cut 17,000 workers amid strike

Boeing plans to cut 10% of its workforce, or about 17,000 jobs, CEO Kelly Ortberg announced Friday. The airline also announced that deliveries of the 777X aircraft will be delayed until 2026 and production of the 767 freighter will cease in 2027. “Our business is in a difficult situation, and the challenges we face together […]

Boeing, union at strike impasse as company halts talks, withdraws pay offer

Boeing proposed improvements to the main manufacturing union before breaking off negotiations, but union negotiators said the changes were minor and did not cover key areas needed to resolve the nearly month-long strike. he told Reuters on Wednesday. Boeing Co. on Tuesday announced it had withdrawn a salary offer for some 33,000 members of the […]

How long will it take the supply chain to normalize after dockworkers strike?

Former Toys R Us CEO Gerald Storch joins Kabuto: Coast to Coast to discuss the 90-day interim agreement for longshoremen. Longshoremen who formed a union The government on Thursday night suspended strikes at East Coast and Gulf Coast ports until mid-January, but it will take time for affected ports to return to normal operations due […]